Pervasip Corp (PVSP)

[Bjones2]

Jettison over 80% of Debt, with No Dilution!!!!

This restructuring demonstrates Pervasip's commitment to strengthening its financial position and streamlining
operations. It plans to jettison over 80% of its debt by engineering a spinoff into a new cannabis-focused entity,
without diluting the public shareholders. The current management team is giving up ownership interest in the
spinout pubco to create more value for the public shareholder and reduce debt-to-equity ratios, thereby
fortifying its balance sheet and improving overall financial health.